April 3, 2026 – Salt Lake City, UT: Pave America, LLC (Pave America), the nation’s leading provider of paving and concrete maintenance services, is proud to announce the acquisition of Ridge Rock, Inc. (Ridge Rock), a premier pavement repair and maintenance provider based in Salt Lake City, Utah.
Backed by AEA Investors, British Columbia Investment Management Corporation, company management, and other institutional shareholders, Pave America continues its westward expansion into one of the fastest-growing markets in the region. The addition of Ridge Rock strengthens Pave America’s presence in the Mountain West and reinforces its position as a best-in-class operator serving both commercial and municipal customers.
Founded in 2003, Ridge Rock has built a reputation for operational excellence, delivering a full suite of pavement repair and maintenance services across Salt Lake City, Utah and surrounding markets. Led by Wayne Anderson, Torrey Anderson, and Matthew Anderson, the company is known for its disciplined execution, strong customer relationships, and ability to deliver high-quality work across a diverse set of projects.
Wayne Anderson, Chief Executive Officer of Ridge Rock, said:
“We are proud of the business we’ve built over the past two decades and the relationships we’ve developed with our customers and employees. Partnering with Pave America allows us to continue that momentum, expand our capabilities, and create new opportunities for our team while maintaining the culture and standards that have defined Ridge Rock.”
Torrey Anderson, Chief Financial Officer of Ridge Rock, added:
“This partnership positions Ridge Rock for its next phase of growth. Pave America brings additional resources, scale, and strategic support that will allow us to better serve our customers and pursue larger opportunities, while continuing to execute at the high level our clients expect.”
Tom York, Chief Executive Officer of Pave America, said:
“The Salt Lake City market is one of the most dynamic in the country, and Ridge Rock stands out as a best-in-class operator. Wayne, Torrey, and Matt have built an exceptional business with strong fundamentals and a reputation for quality. We are excited to welcome them to the Pave America platform and support their continued growth.”
John Strenkowski, Chief Operating Officer of Pave America, added:
“Ridge Rock exemplifies the type of partner we look for: operationally disciplined, customer-focused, and deeply embedded in its local market. Their team executes at a high level, and we’re excited to support them with additional resources as they continue to grow.”
Brandon Blewett, Chief Development Officer of Pave America, stated:
“Ridge Rock is a strong strategic fit as we continue to build out our presence in the western United States. Wayne and Torrey have created a scalable platform in a high-growth market, and we see a clear opportunity to invest behind the business and expand both organically and through additional acquisitions in the region.”
Pave America was advised by Eversheds Sutherland LLP as legal counsel and by Riveron Consulting LLC for financial and tax diligence.
ABOUT PAVE AMERICA
Pave America is a leading provider of asphalt and concrete solutions including maintenance, repair, milling, striping, and sealcoating services. With over 2,500 employees, Pave America has nationwide coverage through an extensive self-perform and outsourced vendor model. The company primarily serves commercial, industrial, HOA, utility, and municipal customers. To learn more, visit www.paveamerica.com.
ABOUT AEA INVESTORS
AEA Investors (“AEA”) was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives, and leaders, many of whom invest with AEA as active individual investors, join its portfolio company boards, or act in other advisory roles. Today, AEA’s over 120 investment professionals operate globally with offices in New York, Stamford, Jacksonville, San Francisco, London, Munich, and Shanghai. The firm manages funds that have approximately $18 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth capital, and private debt investments. For more information, visit www.aeainvestors.com.
ABOUT BCI
British Columbia Investment Management Corporation (BCI) is one of Canada’s largest institutional investors, with C$295 billion in gross assets under management as of March 31, 2025. For 25 years, BCI has built its legacy on performance with purpose, helping its 32 public sector and institutional clients deliver on their commitments. From securing pensions to supporting communities, it’s investing that matters.
Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai, BCI puts patient capital to work across public and private markets globally. Learn more at BCI.ca or connect on LinkedIn.
PAVE AMERICA MEDIA CONTACT
Brandon Blewett
media@paveamerica.com
